Ethereum prices saw sharp gains on Wednesday versus the USD [Video]

Kiana Danial, CFP Invest Diva

Ethereum prices saw sharp gains on Wednesday versus the USD, reaching the three-week high of $320 before pulling back towards $310. However, there was at least one person who really didn’t appreciate the gains. On Tuesday, a single user permanently locked down dozens of digital wallets containing nearly $300 million dollars worth of ether by accident. The lost money was in the form of Ether was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred. Effectively, this user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back. Wednesday’s gains on Ethereum’s value, however, gave the trading community hope that the two-week consolidation may be coming to an end. This could be more promising if the EHT/USD confirms above the daily Ichimoku cloud in the coming days. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

For more from Invest Diva, click here

Author

Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

EUR/USD bounces off lows, back to 1.1860

EUR/USD now manages to regain some balance, retesting the 1.1860-1.1870 band after bottoming out near 1.1830 following the US NFP data on Wednesday. The pair, in the meantime, remains on the defensive amid fresh upside traction surrounding the US Dollar.

GBP/USD rebounds to 1.3660, USD loses momentum

GBP/USD trades with decent gains in the 1.3660 region, regaining composure following the post-NFP knee-jerk toward the 1.3600 zone on Wednesday. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold stays bid, still below $5,100

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of humble gains in the US Dollar and firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.